On July 1, the "Regional Comprehensive Economic Partnership Agreement" (RCEP) came into effect for half a year. The free trade zone with the largest population, largest economic and trade scale and the greatest development potential in the world has shown great vitality and vitality. RCEP member states continue to expand, from 10 countries at the beginning of the year to 13 currently. The interconnection of regional economies has brought benefits to the vast number of import and export companies and consumers.
Over the past six months, companies have seized the policy opportunities of the largest free trade agreement. The reduction of tariffs after RCEP came into effect has helped companies quote and place orders; relevant departments and companies have also launched a series of measures to help companies make good use of RCEP dividends.
On July 8, Alibaba’s eWTP public service platform will launch the RCEP tariff query tool. Companies can query the tariff rates, most preferential rates and rules of origin between China and other RCEP agreement countries online, providing a reference for commodity exports.
It is understood that eWTP (World Electronic Trade Platform) is a global platform led by Alibaba and participated by multiple parties. It aims to promote public-private cooperation and dialogue and support global inclusive trade. The eWTP public service platform is to integrate government affairs and business capabilities. The government-enterprise cooperation service platform established is committed to providing a digital "operating system" for global cross-border e-commerce small and medium-sized enterprises.
The reporter learned that by then, enterprises only need to log in to the eWTP official website and query through the "Smart Tax Enjoyment" column: enter the country of origin, exporting country and the HS code of the exported commodity, and the RCEP and other trade agreements for the commodity will be displayed. According to tax rate regulations, the system will recommend the most preferential tax rate; companies can also query relevant rules of origin to help them understand the requirements for agreement benefits.
In addition to these two functions, eWTP will also provide market analysis services. The query results also include trade data between trading countries to assist users in judging the target market demand for goods.
